Petter Stordalen and Varner purchase the Royal Christiania in Oslo.

Stordalen Purchases Large Hotel Property in Oslo

Norway Norway — Petter Stordalen and Varner purchase the Royal Christiania property where Stordalen’s Nordic Choice Hotels is running a hotel. The seller is DNB Naeringseiendom.
TOP 4 Nordic
Tom Hagen.
Nordic Nordic —
Prisma Properties' growth plans for the various Nordic markets
Johan Gyllberg.
Nordic Nordic —
Global hotel giant heads to Kvarnholmen in 20-year deal
The deteriorating outlook is being driven by a combination of stricter climate regulations, growing pressure from capital markets and increasing tenant demand for sustainable premises.
Nordic Nordic —
German investors warn of energy crisis in property portfolios as technology emerges as lifeline
Carl-Adam von Schéele.
Nordic Nordic —
Urban Partners launches first-of-its-kind fund to accelerate urban regeneration
Carl Bildt

Carl Bildt Joins Fastator’s Board

Sweden Sweden — Carl Bildt, Sweden’s Minister for Foreign Affairs between 2006 and 2014, joins the board of the real estate company Fastator, listed on First North in Stockholm. The election of Bildt is proposed to take place during an extra general meeting on December 14.

Varma Sells 22 Properties and Invests in New Nordic Real Estate Fund

Finland Finland — Varma has signed a deal regarding the divestment of 22 business properties to the new real estate fund company Serena Properties AB. The leasable area in the divested properties amounts to approximately 152,000 sqm, and they are located in different areas in Finland. The total value of the properties amount to approximately € 191,5 M.

Large Purchase for Rikshem in Northern Sweden

Sweden Sweden — Rikshem has acquired almost 1,700 apartments from Akelius in Haparanda, Umeå and Östersund. The deal consists of 47 housing properties of 120,000 sqm. The purchase price is € 202,13 M (MSEK 1,878).

Hemsö Expands Portfolio in Finland

Finland Finland — Hemsö is purchasing a school currently under construction in Pori, Finland, for EUR 56.5 million. Hemsö already owns 17 properties in Finland.

Transaction volume has already exceeded last year’s

Finland Finland — According to statistics from KTI, year-to-date transaction volume in the Finnish property market has amounted to almost € 4.4 billion. This already exceeds last year’s total volume (EUR 4.34 bn).

YIT sells to OP Group fund

Finland Finland — YIT has signed an agreement on the sale of an office building located in Helsinki city centre to non-UCITS Fund OP-Vuokratuotto. The total value of the agreement is approximately € 23 M.

Aberdeen in talks with CBRE to outsource Nordic property management function

Nordic — Aberdeen Asset Management is to roll out its UK and Continental European property management business model into the Nordics. Aberdeen is in negotiations to outsource property management, property accounting and property administration to CBRE.
Patrizia acquires 127 flats in Copenhagen.

Patrizia Acquires 127 Flats in Copenhagen

Denmark Denmark — German Patrizia has acquired a residential development in a central location in Copenhagen.

Akelius Divests for € 74 M

Sweden Sweden — Akelius divests a residential property in Gribbylund, three kilometers from Täby centrum, to a housing association for MSEK 690 (€74 M).

Braathen Eiendom Purchases New Construction in Oslo

Norway Norway — Braathen Eiendom purchases a modern combination property of approximately 12,000 sqm that are leased on long-term contracts.

Collaboration on the Development of Area in Copenhagen

Denmark Denmark — Per Aarsleff A/S has entered into a cooperation agreement with the real estate company Project Nord P/S who has taken over PostNord's property located next to the Copenhagen Central Station.
Last night was the grand opening of Mall of Scandinavia – the largest shopping mall in Scandinavia.

Mall of Scandinavia Has Opened

Sweden Sweden — Last night was the grand opening of Mall of Scandinavia – the largest shopping mall in Scandinavia. – It is more than a shopping mall, Lars-Åke Tollemark, CEO for Unibail-Rodamco Norden, said during yesterday’s press preview.

Blackstone Acquires for €100 M in Finland

Finland Finland — Sponda Plc has signed a sale agreement concerning the sale of Vuosaari harbour assets. The buyer is Tellurium Investment, a company affiliated to Blackstone Real Estate Partners Europe IV.
Nils Styf.

Citycon to Acquire the Minority Shares in Shopping centres in Norway

Norway Norway — Citycon has agreed to acquire the 31% minority stakes in Storbyen and Sjøsiden shopping centres in the Oslo region and Oasen shopping centre in Bergen for an equity consideration of approximately € 31 M.

NREP and Arkitektgruppen Enter Joint Venture

Denmark Denmark — NREP and Arkitektgruppen from Odense, Denmark, have entered into a joint venture agreement to initially develop two residential projects in Copenhagen. The projects are located at Teglholmen and Amager Beach North, respectively, and have a total value of approximately DKK 1.4 billion (€188 M).

Veidekke to Build new Oppsal Centre in Oslo

Norway Norway — Veidekke Entreprenør has signed a contract with OBOS to build the new Oppsal Centre in eastern Oslo with around 200 residential units and 5,000 sqm of non-residential property. The contract is valued at MNOK 525 (€57 M) excluding VAT.
Sweden´s first KFC restaurant will open on November 27 th.

Kentucky Fried Chicken Premieres In Sweden

Sweden Sweden — On November 27th Sweden’s first Kentucky Fried Chicken restaurant opens in Lockarp, at the foot of the Öresund Bridge. 4-6 KFC restaurants are planned to open annually in Sweden.

Heimstaden Purchases CA Fastigheter’s Karlskrona Portfolio

Sweden Sweden — Heimstaden purchases CA Fastigheter’s Karlskrona portfolio for MSEK 690 (€ 75 M).
Avinor divests the Radisson hotel at Gardemoen.

Large Hotel Deal at Oslo Airport

Norway Norway — State-owned Avinor sells the Radisson Blu hotel property at Oslo airport for approximately MNOK 1,5 billion (€160 M). The buyer is private company OG Ottersland AS.
Manne Aronsson, vd, NCC Property Development in Norway.

NCC Develops New Quarter in Oslo

Norway Norway — NCC purchases a blank area at Valle Hovin in Helsfyr in Oslo to develop commercial properties encompassing approximately 60,000 sqm office area.
Stina Lindh Hök.

Hemfosa Fastigheter acquires community service properties and divests logistics properties

Sweden Sweden — Hemfosa is continuing to strengthen its position in the community service properties segment. Through the acquisition of 43 healthcare properties in central Sweden and the divestment of four logistics/industrial properties, the company is further streamlining its property portfolio.

YIT sells in Vantaa

Finland Finland — YIT has signed an agreement on the sale of Avia Line III office premise located in Vantaa to non-UCITS Fund OP-Vuokratuotto. The total value of the agreement is over € 8 M.
Castellum reconstructs in Gothenburg.

Castellum Invests in Reconstruction in Gothenburg

Sweden Sweden — Castellum has, through its wholly owned subsidiary Eklandia Fastighets AB, started a reconstruction of the property Majorna 163:1 in Gothenburg. The investment is calculated to MSEK 108 (€ 11.5 M), including own land for MSEK 20 (€ 2M).

Corallen acquires in Jönköping

Sweden Sweden — Corallen acquires the office property Vakten 11 from Gärahov Holding AB.